Entering assets that came w/the property...schedule E

[pixelrogue1]

Purchased a new investment property. When entering the assets, such as the carpet, what do we add when it comes to the cost of the asset. The purchase was the entire home, so there is no dedicated cost to the items such as carpet, the oven etc.

[CatinaT1 · Accepted solution]

The home purchase included all those things, so it is included with the property purchase.  Do not separate those assets out until they are replaced going forward.